Baron Wealthbuilder Correlations

BWBTX Fund

USD 21.52 0.13 0.61%

The current 90-days correlation between Baron Wealthbuilder and Baron Real Estate is 0.65 (i.e., Poor diversification). The correlation of Baron Wealthbuilder is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Baron Wealthbuilder Correlation With Market

Very poor diversification

The correlation between Baron Wealthbuilder Fund and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Wealthbuilder Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baron Wealthbuilder Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Baron Mutual Fund

0.89	BREUX	Baron Real Estate	Pair Corr
0.91	BRIUX	Baron Real Estate	Pair Corr
0.88	BRIFX	Baron Real Estate	Pair Corr
0.97	BSCUX	Baron Small Cap	Pair Corr
0.97	BARUX	Baron Asset Fund	Pair Corr
0.92	BDAUX	Baron Durable Advantage	Pair Corr
0.97	BDFUX	Baron Discovery	Pair Corr
0.98	BFGUX	Baron Focused Growth	Pair Corr
0.96	BFTUX	Baron Fifth Avenue	Pair Corr
0.94	BGLUX	Baron Global Advantage	Pair Corr
0.83	BGRUX	Baron Growth	Pair Corr
0.97	BIOUX	Baron Opportunity	Pair Corr
0.9	BPTUX	Baron Partners	Pair Corr
0.93	CGRGX	American Funds Growth	Pair Corr
0.88	FPGGX	American Funds Growth	Pair Corr
0.93	FGPGX	American Funds Growth	Pair Corr
0.95	MUTHX	Franklin Mutual Shares	Pair Corr
0.95	TESRX	Franklin Mutual Shares	Pair Corr
0.95	FMSHX	Franklin Mutual Shares	Pair Corr
0.92	GWPCX	American Funds Growth	Pair Corr
0.93	GWPFX	American Funds Growth	Pair Corr
0.88	GWPAX	American Funds Growth	Pair Corr
0.93	CGQGX	American Funds Growth	Pair Corr
0.97	VTSAX	Vanguard Total Stock	Pair Corr
0.92	VFIAX	Vanguard 500 Index	Pair Corr
0.97	VTSMX	Vanguard Total Stock	Pair Corr
0.97	VSMPX	Vanguard Total Stock	Pair Corr
0.97	VSTSX	Vanguard Total Stock	Pair Corr
0.93	VITSX	Vanguard Total Stock	Pair Corr
0.92	VFINX	Vanguard 500 Index	Pair Corr
0.96	VFFSX	Vanguard 500 Index	Pair Corr
0.85	EAAMX	Eaton Vance Multi	Pair Corr
0.88	CII	Blackrock Enhanced	Pair Corr
0.97	VSEQX	Vanguard Strategic Equity	Pair Corr

Moving against Baron Mutual Fund

0.46

BHCUX

Baron Health Care

Pair Corr

Related Correlations Analysis

	BREUX	BRIUX	BRIFX	BSCUX	BARUX	BDAUX	BDFUX	BEXUX	BFGUX
BREUX		0.94	0.89	0.91	0.9	0.92	0.81	0.51	0.82	BREUX
BRIUX	0.94		0.96	0.87	0.9	0.89	0.85	0.25	0.88	BRIUX
BRIFX	0.89	0.96		0.84	0.86	0.86	0.82	0.25	0.87	BRIFX
BSCUX	0.91	0.87	0.84		0.96	0.94	0.94	0.35	0.91	BSCUX
BARUX	0.9	0.9	0.86	0.96		0.94	0.93	0.27	0.92	BARUX
BDAUX	0.92	0.89	0.86	0.94	0.94		0.87	0.41	0.85	BDAUX
BDFUX	0.81	0.85	0.82	0.94	0.93	0.87		0.07	0.96	BDFUX
BEXUX	0.51	0.25	0.25	0.35	0.27	0.41	0.07		0.11	BEXUX
BFGUX	0.82	0.88	0.87	0.91	0.92	0.85	0.96	0.11		BFGUX
	BREUX	BRIUX	BRIFX	BSCUX	BARUX	BDAUX	BDFUX	BEXUX	BFGUX

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Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Wealthbuilder Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Baron Wealthbuilder's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BREUX	0.79	0.06	0.02	0.22	0.72	(0.94)	1.65	(1.56)	4.15
BRIUX	0.64	0.10	0.04	0.38	0.56	(0.76)	1.32	(1.29)	3.84
BRIFX	0.65	0.15	0.05	2.24	0.57	(0.80)	1.33	(1.27)	3.83
BSCUX	0.83	0.02	0.05	0.13	0.88	(0.92)	1.66	(1.46)	6.95
BARUX	0.60	0.03	0.01	0.15	0.68	(0.63)	1.24	(1.16)	4.41
BDAUX	0.65	(0.03)	(0.04)	0.09	0.90	(0.69)	1.50	(2.07)	4.53
BDFUX	0.86	0.08	0.09	0.18	0.93	(0.94)	1.84	(1.82)	6.24
BEXUX	0.72	(0.06)	0.00	(0.02)	0.00	0.00	1.65	(1.83)	4.83
BFGUX	0.68	0.13	0.15	0.25	0.52	(0.81)	1.89	(1.42)	4.96

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